Brookfield Asset Management Ltd. says it raised a record US$30 billion in capital in the third quarter as it sees the deal environment improving.
The asset manager, which keeps its books in U.S. dollars, reported net income attributable to the company of US$724 million for the quarter ending Sept. 30, up from US$544 million in the same quarter last year.
Earnings attributable to BAM worked out to 44 cents per diluted share in the quarter, up from 34 cents last year.
Revenue totalled US$1.25 billion, up from US$1.12 billion in the quarter last year.
The firm says it made US$23 billion in investments for its largest-ever quarter for deployments….